“For me, a double-dip is another recession before we’ve healed from this recession … The probability of that kind of double-dip is more than 50 percent” —
Robert Shiller, professor of economics at Yale University
Sorry this wasn’t a picture of a happy puppy.
“73% of iPhone users are very satisfied with AT&T’s service.” —
Most iPhone users love AT&T (via hiten)
Cognitive dissonance anyone?
“
I also believe that conventional monetary policy is tapped out, and unconventional monetary policy is of doubtful efficacy. So I am in favor of doing something else on the banking/finance side. My favorite idea right now is that of nationalizing Fannie Mae and Freddie Mac completely and unleashing them to buy up every single mortgage in the country at market rates. Their ability to borrow at the Treasury rate means that they should be able to make money by doing this. When they own mortgages they can renegotiate and refinance them all with the public interest in mind. And as they squeeze banks out of the mortgage business the fact that banks are looking for yield should push other financial asset prices up—and make it possible for those businesses that should be expanding to get financing right now on terms that make expansion profitable.
So at the moment my preliminary judgment of the Obama fiscal boost is that it is a good first bid, but that the administration ought to be doing a lot more.
” —J Bradford Delong, Department of Economics, U.C. Berkeley, writing back in January of 2009. The Fed might as well have read this excerpt as their recent official testimony to congress. It seemed to me Bernanke said, “Anyone got any ideas? I’m open to brainstorming here!”
Benny’s testimony: http://www.youtube.com/watch?v=mVqBOBxJ1lM
[video]
“I would like to beg of you, dear friend, as well as I can, to have patience with everything that remains unsolved in your heart. Try to love the questions themselves, like locked rooms and like books written in a foreign language. Do not now look for the answers. They cannot now be given to you because you could not live them. It is a question of experiencing everything. At present you need to live the questions. Perhaps you will gradually, without even noticing it, find yourself experiencing the answer, some distant day.” — Rainer Maria Rilke, Letters to a Young Poet. (via dihard) (via rahmin)
I found so many truths in William Deresiewicz’s Solitude and Leadership.
I’ve chosen this particular excerpt because it goes really well with another recent quote I shared with the caveat that this passage is much much more powerful amid the rest of the text with the context and exquisite organization that the full piece provides:
Introspection means talking to yourself, and one of the best ways of talking to yourself is by talking to another person. One other person you can trust, one other person to whom you can unfold your soul. One other person you feel safe enough with to allow you to acknowledge things—to acknowledge things to yourself—that you otherwise can’t. Doubts you aren’t supposed to have, questions you aren’t supposed to ask. Feelings or opinions that would get you laughed at by the group or reprimanded by the authorities.
In the fall Tara will matriculate with some of the best and brightest researching cognitive neuroscience as a Bruin. Her accomplishments continually amaze me.
UCLA’s PhD program is ranked identically with Harvard, University of Michigan and Yale.
The kicker? Our weather wins.
“We might say of friendships that they are a matter not of diversion or of return but of meaning. They render us vulnerable, and in doing so they add dimensions of significance to our lives that can only arise from being, in each case, friends with this or that particular individual, a party to this or that particular life.” — http://opinionator.blogs.nytimes.com/2010/07/04/friendship-in-an-age-of-economics/
